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Gareth Vaughan

About

Gareth is editor of interest.co.nz and has worked for more than 20 years as a financial journalist in New Zealand and the United Kingdom. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

15 years 3 months

Latest articles

ANZ cuts credit card, personal loan & overdraft interest rates
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
27th Mar 20, 2:17pm
by Gareth Vaughan
15
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
COVID-19 lock-down Top 5 special, part 2
Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
25th Mar 20, 3:04pm
by Gareth Vaughan
3
Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
New Zealand banks are now an extension of a socialist state
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
25th Mar 20, 10:38am
by Gareth Vaughan
119
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
Welcome to our COVID-19 lock-down Top 5
Gareth Vaughan on the Imperial College London paper, what the PM's chief science advisor says, angry Italian mayors, the EU's battle for relevancy and Hong Kong's second wave
24th Mar 20, 2:04pm
by Gareth Vaughan
27
Gareth Vaughan on the Imperial College London paper, what the PM's chief science advisor says, angry Italian mayors, the EU's battle for relevancy and Hong Kong's second wave
Visa, Mastercard, banks and NZ's retail payment systems, Part 2
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
22nd Mar 20, 8:40am
by Gareth Vaughan
1
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
Visa, Mastercard, banks and NZ's retail payment systems, Part 1
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
21st Mar 20, 10:00am
by Gareth Vaughan
6
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
Banks take $200 mln in first RBNZ auction to support liquidity
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
20th Mar 20, 1:22pm
by Gareth Vaughan
41
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
NZ Super Fund sheds 20% of value as coronavirus chaos sweeps financial markets
NZ Super Fund has lost $8.90 bln so far in 2020 and CEO warns it could get worse but reiterates the Fund is a long-term investor with no substantial withdrawals scheduled until the 2050s
20th Mar 20, 11:08am
by Gareth Vaughan
44
NZ Super Fund has lost $8.90 bln so far in 2020 and CEO warns it could get worse but reiterates the Fund is a long-term investor with no substantial withdrawals scheduled until the 2050s
RBA cuts cash rate, will buy govt securities & support bank lending
Reserve Bank of Australia cuts its cash rate, says it's prepared to buy federal government and state government securities, and is establishing a facility to offer three-year funding to ADIs
19th Mar 20, 4:47pm
by Gareth Vaughan
9
Reserve Bank of Australia cuts its cash rate, says it's prepared to buy federal government and state government securities, and is establishing a facility to offer three-year funding to ADIs
'Cash and other payments systems ready for COVID-19'
RBNZ says there's enough cash to 'meet demand under any circumstances' while banks and electronic payments systems are 'prepared, resilient, and will keep operating'
19th Mar 20, 3:50pm
by Gareth Vaughan
9
RBNZ says there's enough cash to 'meet demand under any circumstances' while banks and electronic payments systems are 'prepared, resilient, and will keep operating'
Heartland reiterates annual profit forecast
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
by Gareth Vaughan
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
Treasury details government debt increases to support COVID-19 package
Annual government bond programme increased by $3 billion and Treasury Bill issuance increasing $1 billion as government unveils coronavirus economic support package
17th Mar 20, 2:38pm
by Gareth Vaughan
1
Annual government bond programme increased by $3 billion and Treasury Bill issuance increasing $1 billion as government unveils coronavirus economic support package
Law firm predicts arrival in NZ of neobanks this year
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
17th Mar 20, 9:50am
by Gareth Vaughan
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
NZ Govt reports no new cases of coronavirus for 6th straight day as share market falls heavily
Survey suggests 18% of New Zealanders may have changed travel plans due to coronavirus and 69% are worried it will hit the economy over the next 6 to 12 months
13th Mar 20, 12:50pm
by Gareth Vaughan
33
Survey suggests 18% of New Zealanders may have changed travel plans due to coronavirus and 69% are worried it will hit the economy over the next 6 to 12 months
Will ANZ's latest attempt to sell UDC also fail?
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
12th Mar 20, 8:00am
by Gareth Vaughan
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
Governor Adrian Orr details how RBNZ will assess the impact of coronavirus
RBNZ Governor Adrian Orr reiterates next OCR review is scheduled for March 25 in speech on central bank's potential use of unconventional monetary policy tools
10th Mar 20, 2:56pm
by Gareth Vaughan
19
RBNZ Governor Adrian Orr reiterates next OCR review is scheduled for March 25 in speech on central bank's potential use of unconventional monetary policy tools
ANZ NZ CEO awaiting details of a potential coronavirus response working capital partnership between banks & Govt
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
10th Mar 20, 1:44pm
by Gareth Vaughan
19
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
Commerce Commission warns HSBC over failure to disclose interest rate increases
HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
10th Mar 20, 10:53am
by Gareth Vaughan
6
HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
'Banks ready to respond to the impacts of coronavirus', RBNZ & NZBA say
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
9th Mar 20, 4:52pm
by Gareth Vaughan
15
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
Heartland seen generating 14% return on equity from home loans
Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
9th Mar 20, 9:27am
by Gareth Vaughan
2
Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
December quarter profit dropped for all of NZ's big five banks
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
6th Mar 20, 9:39am
by Gareth Vaughan
3
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
Fonterra chairman John Monaghan to retire in November
John Monaghan to retire from role as Fonterra chairman at November annual meeting after 11 years on the board, 'chair-elect' to be named no later than August
5th Mar 20, 9:35am
by Gareth Vaughan
6
John Monaghan to retire from role as Fonterra chairman at November annual meeting after 11 years on the board, 'chair-elect' to be named no later than August
Heartland launches online home loan trial with low interest rates
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
5th Mar 20, 7:35am
by Gareth Vaughan
31
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
RBNZ hints at no OCR move before scheduled March 25 review
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
4th Mar 20, 11:55am
by Gareth Vaughan
64
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
Economic downturn caused by coronavirus could hit big banks hard
Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus
4th Mar 20, 9:29am
by Gareth Vaughan
10
Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus